In This Article:
EOS
EOS rallied by 3.10% on Monday. Reversing a 0.92% fall from Sunday, EOS ended the day at $2.5913.
It was bullish throughout the day for EOS. EOS rallied from an early intraday low $2.5134 to a late intraday high $2.6146.
Steering clear of the major support levels, EOS broke through the first major resistance level at $2.5465 early on.
In the second half of the day, EOS then broke through the second major resistance level at $2.5763. A visit to $2.61 levels was brief, however, with EOS easing back to wrap up the day at $2.59 levels.
At the time of writing, EOS was up by 0.33% to $2.5999. A bullish start to the day saw EOS rise from an early morning low $2.5908 to a high $2.6018.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $2.5730 pivot level to support a run at the first major resistance level at $2.6328.
Support from the broader market would be needed, however, for EOS to break out from Monday’s high $2.6146.
Barring another extended crypto rally, the first major resistance level at $2.6328 would likely limit any upside.
Failure to avoid a fall through the $2.5730 pivot could see EOS reverse Monday’s gain.
A fall through the $2.5730 pivot would bring the first major support level at $2.5316 into play.
Barring an extended sell-off, EOS should avoid sub-$2.50 and the second major support level at $2.4719.
Looking at the Technical Indicators
Major Support Level: $2.5316
Major Resistance Level: $2.6328
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rallied by 6.82% on Monday. Reversing a 0.43% decline from Sunday, Ethereum ended the day at $243.23.
Tracking the broader market, Ethereum rallied from an early morning intraday low $227.2 to late intraday high $246.95.
Steering clear of the major support levels, Ethereum broke through the day’s major resistance levels.
A late pullback from the day high left Ethereum short of $250. Ethereum held well above the third major resistance level at $235.88 at the day end, however.
At the time of writing, Ethereum was up by $0.46% to $244.36. A bullish start to the day saw Ethereum rise from an early morning low $243.24 to a high $244.36
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $239 pivot to support a run at the first major resistance level at $251.05.
Support from the broader market would be needed, however, for Ethereum to break out from Monday’s high $246.95.